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MINISO Announces US$100 Million Share Repurchase Program

PR Newswire


GUANGZHOU, China
, Sept. 29, 2022 /PRNewswire/ — MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) (“MINISO”, “MINISO Group” or the “Company”), a global value retailer offering a variety of design-led lifestyle products, today announced that, following the expiration of the share repurchase program the Company adopted in December 2021, the board of directors of the Company (the “Board”) authorized and approved a new share repurchase program on September 29, 2022 (the “2022 Share Repurchase Program”), under which the Company may repurchase up to US$100 million in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares (collectively, the “Shares”) over a period of 12 months starting from the date on which the 2022 Share Repurchase Program was approved. The Company expects to fund repurchases under the 2022 Share Repurchase Program from surplus cash on its balance sheet.

The Company’s proposed repurchases under the 2022 Share Repurchase Program may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations and its insider trading policy.

The Company shall conduct the repurchase by exercising its powers under the repurchase mandate to be given or to be given to the Board pursuant to the resolutions of the shareholders of the Company (the “Shareholders”) passed at the annual general meeting of the Company each year to repurchase shares of the Company not exceeding 10% of the total number of the issued Shares (the “Share Repurchase Mandate”) as at the date of such annual general meeting, with each mandate to expire upon whichever is the earliest of: (a) the conclusion of the next annual general meeting of the Company; (b) the expiration of the period within which the next annual general meeting of the Company is required by the memorandum and articles of the association of the Company or by any applicable laws to be held; and (c) the date on which the authority given under the ordinary resolution approving the Share Repurchase Mandate is revoked or varied by an ordinary resolution of the Shareholders.

For the period from September 29, 2022 to the date of holding the upcoming annual general meeting of the Company before the end of 2022, the Company will repurchase under the authority of the repurchase mandate granted by the Shareholders passed on July 11, 2022, and for the subsequent periods under the 2022 Share Repurchase Program, the Company will repurchase under the repurchase mandate to be granted by the Shareholders at the upcoming annual general meeting, subject to the approval of the Shareholders and the general mandate conditions as specified above. It is the intention of the Board to implement the 2022 Share Repurchase Program during the 12-month period only in such a way and only to such an extent that would not cause a mandatory general offer obligation to arise under Rule 26 of the Codes on Takeovers and Mergers and Share Buy-backs.

The Company will conduct the share repurchase in compliance with Listing Rules. Pursuant to Rule 10.06(2)(e) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”), an issuer shall not purchase its shares on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) at any time after inside information has come to its knowledge until the information is made publicly available. In particular, during the period of one month immediately preceding the earlier of (i) the date of the board meeting for the approval of the issuer’s results for any year, half-year, quarterly or any other interim period; and (ii) the deadline for the issuer to announce its results for any year or half-year under the Listing Rules, or quarterly or any other interim period, and ending on the date of the results announcement, the issuer shall not purchase its shares on the Stock Exchange, unless the circumstances are exceptional.

The Company will conduct the proposed share repurchase in compliance with the memorandum and articles of association of the Company, the Listing Rules, the Codes on Takeovers and Mergers and Share Buy-backs, the Companies Law of the Cayman Islands and all applicable laws and regulations to which the Company is subject to.

The Board believes that a share repurchase in the present conditions will demonstrate the Company’s confidence in its business outlook and prospects and would benefit the Company and create value to the Shareholders ultimately.

The Board believes that the current financial resources of the Company would enable it to implement the share repurchase without causing any material impact on its working capital.

The Board will review the 2022 Share Repurchase Program periodically, and may authorize adjustment of its terms and size.

Shareholders and potential investors should note that any repurchase may be done subject to market conditions and at the Board’s absolute discretion. There is no assurance of the timing, quantity or price of any repurchase. Shareholders and potential investors should therefore exercise caution when dealing in the shares.

About MINISO Group

MINISO Group is a global value retailer offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO’s mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO’s products; expectations regarding MINISO’s relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO’s business and the industry. Further information regarding these and other risks is included in MINISO’s filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE MINISO Group Holding Limited

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Equifax Canada: Most small businesses want governments to do more to offset the rising cost of goods

Debt, Delinquencies, and Insolvencies on the Rise

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Four-in-five (82 per cent) of small business owners want governments to do more to address inflation, according to a recent survey from Equifax Canada. Within a nationwide panel of 300 small business owners, 87 per cent said they have been forced to increase prices as a result of rising business costs and 78 per cent admit that this move is hurting their business.

Small business owners are currently dealing with a myriad of challenges and concerns:

  • Managing cash flows is one of the major challenges experienced by 60 per cent of survey respondents, with 59 per cent wanting to grow their business but having limited access to business financing. A few (14 per cent) have already experienced bankruptcy or insolvency of their business.
  • Half of respondents (49 per cent) cited their leading concern as the cost of goods, followed by supplier product availability (42 per cent) and staffing (32 per cent).
  • The top-three expenses impacting small businesses the most are products/supplies (55 per cent), fuel (54 per cent), and wages (54 per cent). Wages are significantly more likely to be the top expense impacting businesses in Quebec (30 per cent versus 16 per cent in the rest of Canada).

“Inflation and higher interest rates are beginning to weigh on the cash flow of small businesses,” said Jeff Brown, Head of Commercial Solutions, Equifax Canada. “Small business owners are juggling more now even as the pandemic becomes less of a concern. Not only are they dealing with inflationary pressures on the cost of goods, supply chain issues and the demand for increased wages, they are taking on more debt and we’re seeing delinquencies and insolvencies rise.”


Debt & Delinquencies Rising

When asked to consider their overall debt and current credit standing, four-in-ten (40 per cent) of small businesses indicated taking on extra debt during the pandemic, with similar numbers choosing to take on debt through the government (pandemic loans) (23 per cent) and the banks (21 per cent) – a smaller percentage (4 per cent), took on debt through both. One-third (36 per cent) of those who took on extra debt expect to repay it by the end of 2023, however, 29 per cent do not expect their debt will be paid off until well beyond that point, especially those who feel less confident about the economy compared to Q4 of 2021.

Equifax data for Q2 2022 also indicates early signs of stress as businesses struggle:

  • Average debt for small businesses has increased by 14.9 per cent year-over-year and by 4 per cent compared to the previous quarter. The average balance for a small business now sits at $37,000
  • Fewer new businesses opened in the summer of 2022 as compared to past years, down 49.7 per cent
  • Bankruptcies were up 11 per cent year-over-year and up 12 per cent against the last quarter

“These trends signal a struggling post-pandemic recovery period,” said Brown. “Delinquency levels across all industries are rising with construction and manufacturing being the hardest hit. With interest rates continuing to hike, the quarters ahead might prove to be even more stressful for Canadian small businesses to manage.

“On a positive note, demand for credit is holding relatively steady since the end of 2020 with the higher growth coming from the low-risk segment. The story is the same regionally for the most part in the latest quarter. Quebec and Alberta display particularly strong growth in credit demand. Calgary reported the strongest growth in new lending.”


Developing a Better Understanding of Credit

Given the current economic landscape, small business owners need to develop a better understanding of credit. Returning to the survey data, while six-in-ten (57 per cent) are aware that a business can obtain its own business credit report only 32 per cent know how/where to obtain one. Of those who know of the business credit report, only 35 per cent know what their business’ credit score is, while 60 per cent admit that they don’t know.

“It’s clear that many small business owners are the head cook and bottle washer, meaning they find themselves so busy running their business that they miss out on the importance of managing their relationship with credit,” said Brown. “Paying back loans and meeting debt obligations are critical to maintaining a healthy credit score for any business. Failure to do so can lead to a blind spot or a pain point for a small business owner. Imagine seeking a bank loan, only to find out an old debt has gone into collections. That’s a serious impact to the business that could have been avoided simply by checking a business credit report.”

As more than half (59 per cent) of business owners don’t feel supported by their governments and 49 per cent do not feel supported by their banks. “The credit industry, banks and governments have an opportunity to counsel small business owners on how to pay down their debt as soon as possible to avoid interest accruals and possible interest rate increases. Building trust will be a crucial part in the education process,” concludes Brown.

* Equifax Canada commissioned Leger to conduct an online survey with 301 Canadian small (260) and medium-sized (41) business owners/leaders/decision makers within the Food, Construction, Retail, and Travel Industries. It was completed between August 29 and September 14, 2022, using Leger’s online panel.

About Equifax

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

Contact:
Andrew Findlater
SELECT Public Relations
[email protected]
(647) 444-1197		 Heather Aggarwal
Equifax Canada Media Relations
[email protected]



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Tradeweb Collaborates with S&P Global Market Intelligence to Connect Primary and Secondary Markets in Europe

Tradeweb Collaborates with S&P Global Market Intelligence to Connect Primary and Secondary Markets in Europe

LONDON–(BUSINESS WIRE)–
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced its collaboration with S&P Global Market Intelligence to introduce electronic connectivity between primary and secondary markets. The product scope currently includes European credit, covered, sovereign, supranational and agency (SSA) bonds. Tradeweb’s integration of InvestorAccess, S&P Global Market Intelligence’s digital primary market platform, enables Tradeweb clients to electronically access new deals and manage orders in the primary market via the Tradeweb platform.

“Launching a single consolidated workflow for primary and secondary markets is a natural evolution for our European fixed income offering,” said Enrico Bruni, Head of Europe and Asia Business at Tradeweb. “Our collaboration with S&P Global Market Intelligence will accelerate the automation of manual steps across primary workflows for our mutual clients, resulting in a more immediate and seamless transition from primary issuance through to secondary trading.”

“S&P Global Market Intelligence brings greater efficiency to the primary market by connecting InvestorAccess electronically with Tradeweb. Buy-side traders using Tradeweb are now able to send orders electronically into the orderbook being managed by the syndicate banks and, importantly, receive allocations electronically back into Tradeweb for onward processing in their order management system (OMS), significantly streamlining the transition from primary to secondary,” said Chris Sztam, Head of Global Markets Group at S&P Global Market Intelligence.

InvestorAccess addresses a number of challenges inherent to the issuance of new deals by automating what traditionally were manual processes for accessing deal terms, as well as communicating orders and allocations. By integrating InvestorAccess into Tradeweb’s European fixed income marketplace, Tradeweb clients can better leverage a full suite of electronic trading tools — both during and immediately after issuance. The faster set up process of newly-issued bonds means that clients can now service their early secondary execution needs much more quickly and efficiently.

“From the point of view of a trading desk committed to investing in highly innovative trading solutions, we strongly support the launch of initiatives aiming to connect primary and secondary markets electronically,” said Vincenzo Barbagallo, Head of Trading Desk at Generali Insurance Asset Management SpA SGR. “Preventing manual errors and expediting the execution lifecycle for new issues are two goals closely aligned with our focus on constantly improving efficiency across the entire trading process.”

“This game-changing initiative from Tradeweb and S&P Global Market Intelligence allows us to electronically process our primary allocations in SSA and covered bonds, as soon as these are released from the syndicate banks, and route them downstream to our OMS,” said Eric Heleine, Head of Trading Desk & Overlay Management at Groupama Asset Management. “The extension of digital workflows from secondary fixed income markets will bring much-needed automation and efficiency into the primary space.”

Tradeweb will also be able – via the S&P Global Market Intelligence’s Deal Services API – to process all the structured deal terms communicated by the syndicate desk, leading to faster set up of securities and facilitating quicker access to electronic secondary liquidity via Tradeweb.

About Tradeweb Markets

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than $1 trillion in notional value traded per day over the past four quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods.

Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

Angeliki Kallipoliti, Tradeweb +44 (0)7824 327073

[email protected]

Nadine Habib, Tradeweb +44 (0)7917 266191

[email protected]

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Software Technology Professional Services Finance

MEDIA:

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iQIYI Unveils Industry’s First In-vehicle 5D Content Viewing Experience with XPeng

PR Newswire


BEIJING
, Sept. 29, 2022 /PRNewswire/ — iQIYI, an innovative market-leading online entertainment service in China, announced that launched on Sep. 21, the new XPeng Motor SUV G9 series would feature iQIYI’s latest 5D in-vehicle cinema, marking a first in China’s in-vehicle entertainment development. Unlike traditional in-vehicle entertainment experience, the new 5D cinema iQIYI developed in partnership with XPeng integrates various physical features of the vehicle cockpit in the delivery of content, hence providing viewers a full-sensory, 5D immersive viewing experience.

iQIYI has leveraged its deep technological expertise in video intelligence recognition to develop the new features that support the intelligent interaction between content playback and the cockpit. Using artificial intelligence in combination with manual verification as the primary tool, iQIYI’s new cinema processes scenes in a variety of content with sensory elements, marking each scene with the lighting, seat vibration, and specific scent that best correspond to the plot. With the markings, the cockpit hardware then delivers various physical effects during the actual content playback, enabling the users to enjoy an immersive viewing experience.

iQIYI also released the first batch of films customized to leverage the latest technological advances the new cinema presents. The slate includes global sensation Dune and Godzilla vs. Kong as well as domestic hits Big Fish & Begonia and Pegasus. Since the scenes of the films include a diverse range of settings, they are primed to introduce users to the full capacity of the new cinema as users can now physically feel in the comfort of their cars the heat of the desert, the coolness of the ocean, and the jolting intensity of battles.

The latest 5D in-vehicle cinema is part of iQIYI’s effort to develop the technological expertise that drives the continued development of China’s in-vehicle entertainment industry. As part of the process, iQIYI’s Internet of Vehicles (IOV) team also made patent applications for two technical solutions it devised. With continued technical breakthroughs, iQIYI is well-positioned to keep advancing industry-leading innovations that can shape the future of smart cockpit. 

HUANG Shuangxi, General Manager of Smart Home and IoV Business of iQIYI, said: “The cockpit is a well-suited and intimate environment for delivering to viewers a 5D cinematic experience that fully showcases the various sensory elements already embedded in different content. As upgrading the in-vehicle entertainment experience becomes a focus, our latest collaboration with XPeng presents this industry-leading innovation solutions that mark an important step forward.”

Over the years, iQIYI has formed partnerships with over 30 top industry players. In this year alone, iQIYI is delivering its quality in-vehicle entertainment service and experience in over 80 car models coming to the market. Working closely with BMW, SAIC Audi, Ford, SAIC Volkswagen, FAW Volkswagen, BYD, GreatWall Motor, NIO, Lixiang, XPeng, Tesla, and many others, iQIYI continues to leverage the latest technological discovery as well as the company’s robust content ecology to provide customization in user scenario, hardware, and content.

CONTACT: iQIYI Press, [email protected] 

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SOURCE iQIYI

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Macif Success: Insurer Cuts Cost and Gains Flexibility With Guidewire Cloud Launch

Macif Success: Insurer Cuts Cost and Gains Flexibility With Guidewire Cloud Launch

GFT helps French mutual insurer Macif migrate their largest business line to Guidewire InsuranceSuite on the cloud

STUTTGART, Germany & NIORT, France & PARIS–(BUSINESS WIRE)–
Over 180,000 quotations, 70,000 contracts, and 300 claims submitted in the first three weeks. French mutual insurer Macif is now using Europe’s leading core insurance platform on the cloud.

Macif has deployed Guidewire InsuranceSuite for their largest business line, Mobility, on Guidewire Cloud. The successful project, which was managed by global digital transformation leader GFT, sets new standards in the industry and brings substantial savings and competitive advantages for Macif.

“This new solution should allow us to go to market faster with new value propositions, and offer more customised solutions to our members through the technical architecture of Guidewire‘s products,” says Yann Arnaud, Macif Chief Marketing and Innovation Officer. “In addition, this should improve the quality of our underwriting, policyholder lifecycle tracking, and claims handling, through the intuitive nature of the applications; indeed, their ease of use has surpassed our expectation.”

“We wanted to be able to focus more on our core competency – taking care of our members – and spending less time on managing IT systems,” adds Fabrice Leyglene, Macif CIO. “This cloud solution also makes the white-labelling of our products and services for re-sellers much easier. So this migration directly serves to further our business strategy. And finally, we will be able to integrate relatively easily the most advanced cloud solutions in the market into the various elements of our value chain.”

Emmanuel Naudin, Regional Vice President, Sales – EMEA, Guidewire, added: “This is the largest implementation of Guidewire InsuranceSuite on the cloud in Europe so far. Macif are showing with this that they are at the forefront of technological innovation in the insurance industry. The solution ran very well from day one, and that is a testament to the great collaboration between Macif, our partner GFT, and Guidewire.”

“This was an ambitious undertaking. The magnitude of this cloud implementation is a milestone for Guidewire in Europe. But we knew we could do it, Macif trusted that we could, and by using resources and experts from five countries in Europe and America, we got the job done,” says Mathieu Liabaud, Managing Director GFT France.

Free up resources, focus on core competencies, cut costs

With this step, Macif gains numerous cost and business benefits. Specifically, the benefits are:

  • White-labelling of products or services for re-sellers becomes much easier;
  • The software is maintained and managed by Guidewire, freeing up Macif’s IT department to focus on matters more central to the business;
  • Not requiring on-premises hardware and manpower for maintaining the systems reduces IT spending;
  • The SaaS solution can always be up to date with minimal disruption;
  • The solution is easy to use, giving customer service employees more time to interact with members and build their relationships; and
  • New products or services are quicker and easier to launch than with Macif’s legacy system.

Macif’s entire P&C business to be implemented in future deployments

Macif is using Guidewire InsuranceSuite for its policy administration, underwriting, and claims management. The recent migration of Macif’s Mobility business line follows the initial migration of their Fleet business line. All other P&C business lines are scheduled for implementation on Guidewire Cloud in follow-up releases in the next couple of years. For the migration of Macif’s Mobility business line, up to 130 GFT experts from France, Canada, Spain, Poland, and Costa Rica were involved.

About Macif

As a mutual insurer, Macif strives daily on behalf of its 5.7 million members and customers to protect the present and secure the future. Macif delivers uncomplicated and effective insurance products and services for property and casualty insurance, health and personal protection, and finance and savings. With more than 18.4 million contracts under management, the Macif generated revenues of more than €6 billion in 2021. Since January 2021, Macif has been affiliated with Aéma Groupe. Aéma Groupe, which grew out of the merger between Aésio Mutuelle and Macif, envisions a fairer and more humane world every day by making foresight a central part of the relationship with its members, policyholders and corporate clients. For more information, visit www.macif.fr.

About GFT – Shaping the future of digital business

As a pioneer for digital transformation GFT develops sustainable solutions across new technologies – from cloud engineering and artificial intelligence to blockchain/DLT.

With its deep technological expertise, strong partnerships and comprehensive market know-how GFT offers advice to the financial and insurance sectors, as well as in the manufacturing industry. Through the intelligent use of IT solutions GFT increases productivity and creates added value for clients. Companies gain easy and safe access to scalable IT-applications and innovative business models.

Founded in 1987 and located in more than 15 markets to ensure proximity to clients, the GFT team consists of over 10,000 determined talents. GFT provides them with career opportunities in all areas of software engineering and innovation. The GFT Technologies SE share is listed in the SDAX index of the German Stock Exchange (ticker: GFT-XE).

www.gft.com

www.blog.gft.com

www.linkedin.com/company/gft-group/

www.twitter.com/gft

About Guidewire

Guidewire Software Inc. (NYSE: GWRE) is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. Approximately 520 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

GFT

Dr. Markus Müller

Group Public Relations

GFT Technologies SE

Schelmenwasenstraße 34

70567 Stuttgart

+49 711 62042-344

[email protected]

www.gft.com

Guidewire

Daniel Couzens

Allison + Partners

+44(0)203 971 4308

[email protected]

Louise Bradley

PR & Communications – EMEA, Guidewire

+44(0)7474 837 860

[email protected]

KEYWORDS: California North America France United States Europe Germany

INDUSTRY KEYWORDS: Apps/Applications Technology Mobile/Wireless Insurance Professional Services Software Networks Internet Data Management

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Fusion Fuel Announces €5 Million Tech Sale Contract for 3.2 MW Green Hydrogen Project in Spain

Gedisol project will be developed in 2023 using Fusion Fuel’s HEVO-Solar technology

SABUGO, Portugal, Sept. 29, 2022 (GLOBE NEWSWIRE) — Fusion Fuel (Nasdaq: HTOO) announced today that it has entered into a technology sale agreement with Gedisol, a Spanish developer, to supply its innovative solar-to-hydrogen systems for a 3.2 MW green hydrogen project located in Andalucía, Spain. The facility will consist of 144 HEVO-Solar trackers that will generate an estimated 200 tonnes of green hydrogen per annum. The company expects to begin construction early next year and achieve commercial operation in Q3 2023.

Commenting on the transaction, João Wahnon, Chief of Business Development at Fusion Fuel, said, “We are pleased to have been selected to supply our technology to the Gedisol project, which will further strengthen our near-term development portfolio and accelerate our expansion into Spain that began with the Exolum project. While many in the market talk about deploying electrolyzers and producing green hydrogen, our team is continuing to work diligently to get our disruptive technology in the ground in the very near-term.”

Jason Baran, Chief Commercial Officer at Fusion Fuel, added, “We are excited to have been able to work quickly to provide a near-term solution for a high-profile project in Spain and strengthen our positioning in the industrial decarbonization ecosystem in Spain. With grant funding in place and line of sight to an offtake agreement, Gedisol is a highly actionable project that will help us achieve our broader commercial objective of getting a fully committed order book in 2023.”

About Fusion Fuel

Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel has created a modular, integrated solar-to-hydrogen generator, powered by a proprietary miniaturized PEM electrolyzer, that enables off-grid production of hydrogen with zero carbon-emissions. Its business lines include the sale of electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants to be owned and operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. For more information, please visit https://www.fusion-fuel.eu

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Fusion Fuel believes may affect its financial condition, results of operations, business strategy and financial needs. Such forward-looking statements are subject to risks (including those set forth in Fusion Fuel’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on May 2, 2022) and uncertainties which could cause actual results to differ from the forward-looking statements. Any forward-looking statement made by Fusion Fuel herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for Fusion Fuel to predict all of them. Fusion Fuel undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Relations Contact

Ben Schwarz

[email protected]

Media Relations Contact

Robert Collins

[email protected]



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Matrix Service Company Sets New Date for Release of Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2022

TULSA, Okla., Sept. 29, 2022 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq: MTRX) will announce results for its Fiscal Year 2022 fourth quarter and year ended June 30, 2022, before the market opens on Friday, October 7, 2022. The release will be followed by a conference call that same day at 11:30 a.m. Eastern time /10:30 a.m. Central time.

The Company previously filed a form 12b-25, which delayed filing of our 10-K. We expected to file the 10-K by September 28 but have further delayed that filing pending the ongoing review of internal controls.

Earnings Conference Call instructions

Matrix Service Company will host a conference call with John R. Hewitt, President and CEO and Kevin S. Cavanah, Vice President and CFO at 11:30 a.m. Eastern Time / 10:30 a.m. Central Time on October 7, 2022.  The call will be simultaneously broadcast live over the Internet, which can be accessed at the Company’s website at www.matrixservicecompany.com on the Investors Relations page under Events & Presentations. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast. The conference call will be recorded and will be available for replay within one hour of completion of the live call and can be accessed following the same link as the live call.

About Matrix Service Company        

Matrix Service Company (Nasdaq: MTRX), through its subsidiaries, is a leading North American industrial engineering, construction, and maintenance contractor headquartered in Tulsa, Oklahoma with offices located throughout the United States and Canada, as well as Sydney, Australia, Seoul, South Korea.

The Company reports its financial results in three key operating segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.

With a focus on sustainability, building strong Environment, Social and Governance (ESG) practices, and living our core values, Matrix ranks among the Top Contractors by Engineering-News Record, has been recognized for its Board diversification, is an active signatory to CEO Action for Diversity and Inclusion, and is recognized as a Great Place to Work®. To learn more about Matrix Service Company, visit www.matrixservicecompany.com and read our inaugural Sustainability Report.

For more information about Matrix, please contact:
Kevin S. Cavanah Kellie Smythe
Matrix Service Company Matrix Service Company
Vice President and CFO Senior Director, Investor Relations
T: 918-838-8822 T: 918-359-8267
Email: [email protected] Email: [email protected]

This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate,” “continues,” “expect,” “forecast,” “outlook,” “believe,” “estimate,” “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company’s operations and its financial condition. We undertake no obligation to update information contained in this release.



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du Selects Hewlett Packard Enterprise for Digital Transformation Journey to 5G

du Selects Hewlett Packard Enterprise for Digital Transformation Journey to 5G

Next-generation OSS solution from HPE provides a single orchestration platform enabling services from traditional mobile and fixed line connectivity to 5G slice management and Edge orchestration

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced that du, from Emirates Integrated Telecommunications Company (EITC), is deploying HPE’s end-to-end service orchestration software to accelerate their digital transformation and drive new revenue streams from their growing 5G network.

du is migrating from a legacy system to a next-generation Operations Support System (OSS) to support new services and enhance its customers’ experience. This digital transformation, powered by HPE, will enable du to expand its offerings, improve time to market, and monetize its 5G investment. As a leader in OSS service fulfillment and orchestration, HPE brings proven domain expertise and openness to du’s new OSS stack and delivers a broad range of the orchestration use cases now required by the market. du’s strategic Data Factory is the key enabler of its next-generation OSS with advanced analytics capabilities. Now with the simple integration into this existing single data layer and du’s transformation program Business Support System (BSS), du’s new orchestration stack is future-proofed by HPE’s open standards-based approach and is ready for all 5G network functions (NFs) that du chooses in the coming years.

“The right OSS solution is a competitive advantage for us to provide our customers with the seamless digital lifestyle experience they deserve,” saidPeter Larnholt, Chief Information Officer at du. “HPE will deliver a huge leap in our technology capabilities in a very short space of time, giving us a stable and secure architecture that will support our leadership position in 5G. Our new technology estate will cement our reputation as one of the region’s most advanced telcos offering some of the most advanced Edge orchestration and 5G services in the market.”

“HPE OSS and orchestration software has been developed to reduce the risk of deploying 5G networks and help operators like du maximise their return on investment,” said Ahmad AlKhallafi, managing director, UAE, Hewlett Packard Enterprise. “We’re pleased to be supporting du with their next-generation OSS system that will help them seize the opportunity presented by 5G and network slicing and embrace open, cloud-native principles, as well as transforming their fixed line and business services.”

du’s new end-to-end orchestration solution is based on HPE’s leading orchestration stack, including HPE Service Order Manager and HPE Service Director. Both products provide du with agility, elasticity and time to market advantage while supporting next generation services. The new stack provides a single orchestration platform enabling traditional fixed voice services, mobile services, SD-WAN services, physical and virtual NF management, Mobile Edge and 5G slice management. The new platform will support the end-to-end needs of du for order management, service provisioning and activation.

Discover more on HPE’s Telco Automation solutions at https://www.hpe.com/telco/automate

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com.

Alastair McCormick

[email protected]

KEYWORDS: Middle East United Arab Emirates

INDUSTRY KEYWORDS: Technology Mobile/Wireless 5G Telecommunications Software Networks Internet Hardware Data Management

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French Healthcare Software Provider, Maincare, Selects HPE GreenLake to Accelerate Deployment of Secure Health Cloud Services

French Healthcare Software Provider, Maincare, Selects HPE GreenLake to Accelerate Deployment of Secure Health Cloud Services

France’s leading healthcare provider chooses HPE GreenLake edge-to-cloud platform for its Certified Cloud Offering

PARIS–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced that leading French healthcare software provider, Maincare has adopted the HPE GreenLake to power its highly secure cloud offering, Maincare Hosting Services. Maincare will use HPE Synergy, HPE’s software-defined composable infrastructure, in an as-a-service model, to provide an easy-to-manage platform that responds to growing business demands for healthcare-certified, secure cloud services.

Maincare has supported the digital transformation of the healthcare industry for over 20 years and has gained extensive experience on how to comply with the stringent European healthcare record-keeping regulations. These incremental demands for sovereignty, security and availability present additional challenges for healthcare organizations looking to accelerate their digital transformation because all sensitive data, such as patient medical records, must be stored in highly secure and resilient environments

In order to meet the demands of the fast-paced healthcare market, Maincare selected HPE GreenLake to provide a flexible, cost efficient and resilient technology environment to support growing business demands for SaaS healthcare solutions while meeting the necessary regulations. HPE GreenLake edge-to-cloud platform gives Maincare the appropriate solution to ensure additional capacity is still available to support increased business demand when required, thereby improving utilization levels and avoiding the waste of overprovisioning and minimizing the resources required for power and cooling1.

“Technology offers immense possibilities to the healthcare industry to improve patient care and save lives, but that comes with additional responsibilities,” said Eric Machabert, CTO and CISO – Maincare Solutions. “HPE fully embraced that responsibility and we have worked alongside HPE as a trusted partner to create a platform, Maincare Hosting Services, that gives our users the agility of a cloud-based service, coupled with the data security we need. The result caters exactly to our current needs, but can grow as we do, making it both an environmentally and economically solution.”

The combined benefits of HPE GreenLake’s flexibility and reliability with Data Services on HPE GreenLake manageability and a state-of-the-art data center on French soil allow Maincare to deliver the sovereign cloud experience their customers are looking for, while ensuring compliance with the most stringent standards and certifications, including ISO27001 and HDS certification.

“HPE GreenLake is a perfect platform for customers such as Maincare who operate in fast-paced, sensitive sectors like healthcare where sensitive data are at play,” said Charles Henry, Transformation, Solutions and Cloud Services Growth Leader at Hewlett Packard Enterprise. “We’re delighted to see our solution matching market demands for smarter healthcare, whilst simultaneously reducing overheads and environmental impact by creating a scalable system that can be turned up or down to exactly meet the current need.”

About HPE GreenLake

The HPE GreenLake edge-to-cloud platform enables customers to accelerate data-first modernization and provides over 70 cloud services that can run on-premises, at the edge, in a colocation facility, and in the public cloud. In Q2 2022, HPE reported Annualized Revenue Run-Rate (ARR) of $829 million and triple digit as-a-service orders growth for the third consecutive quarter. Today, HPE GreenLake has 65,000 customers and over one exabyte of data under management with customers worldwide. These organizations benefit from one control plane from which to automate, orchestrate, and run their hybrid cloud strategy. The scalable, pay-as-you go HPE GreenLake platform also delivers robust security, compliance, and control, and supports a broad partner ecosystem – including channel partners, distributors, independent software vendors, public cloud providers, service providers, and system integrators. For more information on HPE GreenLake, please visit: https://www.hpe.com/us/en/greenlake.html

About Maincare

More than a publisher in the healthcare industry, Maincare is a trusted partner that has been supporting all healthcare actors – hospitals and healthcare groups, regional agencies, insurers and mutual insurance companies – in their digital transformation for over 20 years, with a comprehensive range of digital solutions (healthcare production, telemedicine, healthcare coordination, administrative management, economic and financial management, logistics, human resources, etc.) and services (strategic consulting, communication). Today, Maincare employs 650 collaborators at the service of caregivers, physicians and other healthcare professionals with a single objective: design innovative and practical digital solutions to enable them to focus on their core business, the patients. Nearly 1,000 institutions and GRADeS, including 80% of French university hospitals, already trust Maincare. For more information: www.maincare.com

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com

1 HPE has found that customers transitioning to HPE GreenLake from traditional CapEx models can achieve a greater than 30% reduction in energy costs and total cost of ownership over 5 years.

https://www.hpe.com/psnow/doc/a00111230enw

Benjamin Lesueur

[email protected]

KEYWORDS: Texas Europe United States North America France

INDUSTRY KEYWORDS: Technology Security Other Technology Software Networks Internet Hardware General Health Health Data Management

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FICO Forum Africa to Explore Customer-Centric Growth in a Challenging Economy

FICO Forum Africa to Explore Customer-Centric Growth in a Challenging Economy

Bruce Whitfield will deliver keynote address at 17 November event in Johannesburg

JOHANNESBURG–(BUSINESS WIRE)–
Leading global analytics company FICO, named best technology provider for data analytics at the 2022 Credit Awards, will be hosting the 6th FICO Forum Africa on 17 November in Johannesburg. Attendees will explore how African financial institutions can use technology advances and advanced analytics to increase growth during a challenging economic period, marked by a cost-of-living crisis, the pandemic’s after-effects and an increase in financial scams.

FICO has pioneered a new approach to managing customers in a more consistent and holistic fashion, building loyalty and revenues through hyper-personalized decisions.

“Over the past two years, the pandemic has played a crucial role in fast-tracking the way financial services companies do business,” said Michelle Beetar, vice president for Africa at FICO. “More and more of the customer relationship is handled entirely through digital channels. That makes innovations in customer analytics, customer decisions and customer communications absolutely critical, and this is what we will address in our forum.”

The FICO Forum Africa, which will be hosted at The Leonardo in Sandton, will include industry experts and speakers. Bruce Whitfield, the award-winning financial journalist and author of “The Upside of Down” and “Genius”, will deliver the keynote presentation. The one-day forum will dive deep into topics such as:

  • Hyper-Personalized Customer Management
  • Decision Optimization for Loans, Credit Cards and Deposits
  • Removing the Silos to Improve the Customer Journey
  • Fighting Fraud and Scams with New Analytics

To find out more about the FICO Forum Africa, please visit https://r.online-reg.com/FICO_Forum_Africa_2022/register.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO’s South African offices are headquartered in Illovo, Sandton.

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/.

For FICO news and media resources, visit www.fico.com/news.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

FICO SA PR Team

Tshepiso Ntlhoro

Britespark Communications

076 5838771

010 001 0113

[email protected]

KEYWORDS: Africa South Africa

INDUSTRY KEYWORDS: Banking Personal Finance Technology Professional Services Other Consumer Business Data Analytics Software Fintech Consumer Finance

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